Thursday, April 10, 2014
"Liberals" say Obama plans "Obamacare" for mortgage Fred-Fan, stiffing investors
A recent heavily touted ad concerning Democratic legislators claims that plans (from the Obama administration) to overhaul and replace Freddie Mac (in McLean VA) and Fannie Mae (in Washington) would harm ordinary investors, especially retirees who may be more likely to have them in portfolios. This plan has been called “Obamacare for the Mortgage Industry”.
The Wall Street Journal has a blog entry and video by Nick Timiraos, here.
The television ads, when played, almost seemed to suggest that Obmacare is funded by the mortgage giants.